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Insider Trading

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  • Goldman Sachs director Rajat Gupta

    Government investigators believe a Goldman Sachs director improperly told Galleon Group hedge fund founder Raj Rajaratnam that Warren Buffett's Berkshire Hathaway would be making a $5 billion investment in Goldman in September of 2008, according to a report this morning in the Wall Street Journal.

  • Major Issue in Goldman Case: Was There Really Any Fraud? Wednesday, 21 Apr 2010 | 11:47 AM ET
    gavel and money

    The government's case against Goldman Sachs revolves in part around whether the investor that selected the toxic securities at the center of the case also could be the primary victim.

  • U.S. Attorney announces charges against former Societe Generale trader Samarth Agrawal for stealing company information.

  • QUIZ: How Much Do You Know About Enron? Thursday, 25 Mar 2010 | 12:54 PM ET

    How much do you know about one of the biggest business scandals of all time? Take our Enron quiz and find out.

  • UBS Banker Used Coded Email for Insider Trades: US Thursday, 25 Mar 2010 | 10:08 AM ET
    gavel and money

    Using coded email messages referring to securities and money as "frequent flyer miles" and "potatoes," a high-ranking UBS investment banker and a trader made $870,000 in illegal profits from trades on tips about six UBS healthcare client acquisitions, U.S. prosecutors said.

  • Delaware's short-selling senator thinks the practice is fine so long as predators don't step in and create another Bear Stearns or Lehman Brothers-type crisis.

  • Jobs Bill Is 'Not Bipartisan,' GOP Sen. Grassley Says Tuesday, 23 Feb 2010 | 10:42 AM ET

    Congress could have passed a more sweeping jobs bill with larger bipartisan support if Democrats had been more willing to work with Republicans, Sen. Charles Grassley told CNBC.

  • Rajaratnam Pleads Not Guilty; Trial Set for October Wednesday, 17 Feb 2010 | 5:01 PM ET
    Raj Rajaratnam

    An October trial date in New York has been set for Raj Rajaratnam, charged in what prosecutors call history's largest hedge fund insider trading case. The founder of New York-based Galleon Group, entered a not guilty plea to an updated indictment released by prosecutors last week.

  • Galleon's Rajaratnam, Chiesi Face New Indictments Tuesday, 9 Feb 2010 | 5:13 PM ET
    Raj Rajaratnam

    A federal grand jury in New York has returned a new indictment against hedge fund mogul Raj Rajaratnam and former consultant Danielle Chiesi, sharply raising the stakes in what authorities had already called the largest hedge fund insider trading case in history.

  • Bank of America flag

    The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.

  • Insider Faces Sentencing in ’07 Case Wednesday, 20 Jan 2010 | 11:00 AM ET
    Gavel

    A former hedge fund manager named Mark E. Lenowitz has been secretly cooperating with an expanding federal investigation of insider trading on Wall Street for more than two years, in hopes of reducing his jail time.

  • Galleon Case: Tipper X Revealed Wednesday, 13 Jan 2010 | 8:40 AM ET
    Raj Rajaratnam

    It is one of the biggest mysteries on Wall Street: Who is Tipper X, the secret witness at the center of the biggest insider-trading case in a generation?

  • Rajaratnam Lawyers Try to Reduce His Bail Tuesday, 12 Jan 2010 | 10:54 AM ET
    Raj Rajaratnam

    Defense lawyers for wealthy hedge fund operator Raj Rajaratnam are returning to a federal courtroom to try to reduce his bail on insider trading charges.

  • Gavel

    One of the alleged tipsters in the Galleon hedge fund insider trading case could plead guilty as soon as Thursday, CNBC has learned, potentially becoming a key witness in the sweeping federal investigation.

  • Prosecutors to File New Indictment in Galleon Case Tuesday, 5 Jan 2010 | 9:36 PM ET
    Raj Rajaratnam

    Federal prosecutors said they intend to file a new indictment against hedge fund mogul Raj Rajaratnam, charged last year in a sweeping insider trading case.

  • Investors Want Aid From Stanford-Linked Congressman Wednesday, 30 Dec 2009 | 6:44 PM ET
    R. Allen Stanford

    A group of investors in Allen Stanford's alleged Ponzi scheme are demanding a powerful Texas congressman give them the same kind of support he showed Stanford when regulators shut down the alleged scam in February.

  • Stanford Bail Denied, Feds Probe Congressional Ties Sunday, 27 Dec 2009 | 3:54 PM ET
    Allen Stanford

    A federal judge has denied an emergency request by attorneys for indicted billionaire Allen Stanford to free their client on bail. 

  • Allen Stanford Near 'Complete Nervous Breakdown' Tuesday, 22 Dec 2009 | 5:27 PM ET
    Allen Stanford

    Attorneys for accused Ponzi schemer Allen Stanford—who has been in custody without bail since his indictment in June—say their client is in danger of a "complete nervous breakdown," so they are again asking a federal judge to let him go free on bail.

  • Stanford Found in Contempt of Court Over Legal Fees Wednesday, 16 Dec 2009 | 6:09 PM ET
    R. Allen Stanford

    A federal judge has found accused Ponzi schemer Allen Stanford and three co-defendants in contempt of court in a dispute over their legal fees.

  • An Unwelcome Spotlight Falls on SAC Capital Wednesday, 16 Dec 2009 | 11:30 AM ET

    In the last two months, SAC Capital Advisors has turned into a $13 billion piñata.